Get Ready for Annual Enrollment
During Annual Enrollment next month, you’ll want to make sure you’re in plans that will support your best health, no matter what life brings, in 2021. The key to that is thinking about your needs now. As you do, you’ll probably find several Rockwell Automation benefits — some you enroll in and some you get automatically — that will help you.
To get you started, here are some things to think about.
Your benefits needs
Think about how you used health care last year and what you might need in the year ahead. Is your current medical plan still the right fit? You don’t want to spend money for more coverage than you need, but you also want to be prepared for the unexpected.
- The HSA option allows you to spend less now on premiums but pay more for care when you need it.
- The HRA option has higher premiums but lower costs when you use care.
- Both options offer prescription drug coverage, free flu shots, and virtual visits for your physical health and emotional well-being. If you take medication, make sure you understand how the prescription drug coverage works.
- For your oral health, the Basic and Comprehensive dental options both cover preventive care at 100% and pay benefits for basic services. But the Comprehensive option covers more dental services.
- The UnitedHealthcare vision plan provides coverage for eye exams, eyeglass and contacts and offers an enhanced vision benefit for children under age 13.
Your health needs
2020 has put a spotlight on health and the importance of staying as healthy as possible. Rockwell Automation offers programs to support that.
- The Health Management program offers support and incentives when you complete healthy activities. If you participate in the program before the end of this year, you may pay up to $500 less in 2021 medical premiums.
- Best Doctors is there when you’re facing a health diagnosis or treatment plan. You can get expert opinions and support at no cost to you.
- Tier 1 doctors in the UnitedHealthcare (UHC) network make it easier to establish a relationship with a top-notch doctor, which is always good for your health. Tier 1 doctors offer high-quality care at the best cost. Go to UnitedHealthPremium.com to see where they’re available and which specialties are included.
Your financial needs
Rockwell Automation offers benefits and programs that help you save money and stay afloat if life takes a left turn.
- The Health Savings Account lets you set aside money for health care expenses, now or in the future. It comes with a triple-tax advantage and investment services.
- Supplemental life insurance and disability coverage provide financial protection if the unexpected happens.
- Edelman Financial Engines can help you create a financial plan based on your Rockwell Automation Retirement Savings Plan. When you use either the Professional Management or Online Advice services by Dec. 31, you can even earn $100 off your 2021 medical premiums. Visit rastaywell.com to learn more.
- MetLife Auto & Home helps protect some of your more valuable investments.
Your family’s needs
You can enroll eligible family members in our health plans, and we offer benefits and programs that help you manage work and family.
- NEW! Bright Horizons® Back-Up Care provides access to back-up care for your children, adult, and elder family members when your normal care arrangements fall through.
- NEW! Bright Horizons® Enhanced Family Supports helps you find resources that make your life easier, including babysitters, virtual sitting, pet care providers, housekeepers, and elder caregivers. It also offers discounts on nanny placement services, academic support, tutoring, and test prep services. Plus, you get special privileges for full-time child care, such as preferred enrollment at Bright Horizons centers.
- The Dependent Care Flexible Spending lets you set aside pre-tax money for your everyday child and elder care expenses.
- Pet Insurance protects your furry family members.
This is just a glimpse of the benefits Rockwell Automation offers to support your total health. You’ll find so much more in the 2021 Annual Enrollment Guide. It will be posted on raquickfind.com before enrollment begins in October.
Know What’s New for 2015
Annual Enrollment is Oct. 25 through Nov. 16, 2014. This is your opportunity to review your costs, make any benefits changes, change your dependents, enroll in a Flexible Spending Account for 2015 and/or set your Health Savings Account (HSA) contribution.*
The good news is there are very few changes for 2015. The biggest change—one that requires some of you to take action before the year ends—is the switch to HealthEquity as the new HSA vendor. Earlier this year, Aetna-JPMorgan Chase told us they were exiting the HSA market. We then interviewed several vendors to find a replacement, and HealthEquity stood out as our top choice. We were impressed with their easy-to-use tools, helpful resources and mobile app. We think they’ll be a great fit for HSA option participants.
If your Aetna-JPMorgan Chase balance is zero, no action is required. We will automatically establish a HealthEquity account for everyone who enrolls in the HSA option for 2015. If you currently have an HSA balance with Aetna-JPMorgan Chase, you need to complete an HSA transfer form by Dec. 31 so your account balance can be moved to HealthEquity. If you do not submit your form on time, you’ll pay a $4 monthly fee to keep your account at Aetna-JPMorgan Chase. You will find the HSA transfer form on EmployeeConnect > Your Benefits Resources as one of the Annual Enrollment steps.
The other 2015 changes are related to health care rates. Although medical and dental rates are increasing, you can reduce your medical costs by participating in the Health Management program. For more information about the benefits changes, your benefits options and how to enroll, review the 2015 Annual Enrollment Guide. Your guide should arrive at your home address the week of Oct. 20.
*You can start, stop or change your HSA contributions at any time. However, if you set your contribution amount during Annual Enrollment, your contributions will start in January.
Helpful AE Tools and Resources
Making informed decisions about your 2014 benefits is easy when you use these handy tools and resources.
Read it now for information about your 2014 benefits choices and how to enroll.
Use the search feature to find details and contact information for your benefits. For example, let’s say you want to compare your medical options. Type “medical plans” or “compare plans” in the search bar and select the option for “compare plans in medical.” You’ll find information that helps you evaluate the two options. You can do the same for your dental options.
EmployeeConnect has several tools that can help you make smart choices.
- The Health Savings Account (HSA) Estimator. This helps you estimate how much money you should contribute each paycheck for your health care needs if you enroll in the HSA option.
- The Flexible Spending Account (FSA) Estimator. This tool helps you estimate the amount of money you should contribute to your FSA in 2014.
- The Life Insurance Estimator. This tool helps you determine your Supplemental Life Insurance coverage needs. Simply estimate your expenses (such as your mortgage, loans, income tax, etc.) and enter that information into the tool. The tool will crunch the numbers and determine how much you need. (This tool only estimates Supplemental Life Insurance coverage for employees.)
Note: If you find you need to increase your life insurance coverage, you can take advantage of our special enrollment opportunity this year. During 2014 Annual Enrollment, you can elect Supplemental Life Insurance coverage for you and your spouse—up to the maximum benefit amount—by answering five statement of health questions online.
Published: October 2013
Get the 411 on Annual Enrollment
You’re probably hearing a lot about your benefits and Annual Enrollment. Here’s what you need to know:
Annual Enrollment is Oct. 26 – Nov. 17.
Enroll by Nov. 17 if you want to make changes to your benefits, add or remove dependents, participate in a Flexible Spending Account in 2014 or start your 2014 Health Savings Account (HSA) contributions in January. (You can start or stop your HSA contributions any time.)
Some contributions will change in 2014.
Due to rising health care costs and new costs associated with health care reform, medical and dental contributions will increase starting January 1. However, the premium for Long-Term Disability coverage will decrease.
Benefit Premium Change HSA Option 6.2% increase1 HRA Option 8% increase Dental Increase based on coverage choice (see enrollment guide for rates) Long-Term Disability 14% decrease
1 Your actual rate increase may vary based on your salary band.
There are no changes to the cost of Supplemental Life Insurance or Accidental Death and Disability (AD&D) for you or your dependents.
Remember, you can reduce your medical contribution by up to $500 in 2014 by participating in the Health Management Program. For details, visit https://ra.staywell.com.
There’s a special Supplemental Life Insurance enrollment opportunity.
During enrollment, you can elect Supplemental Life Insurance coverage for you and your spouse—up to the maximum benefit amount—by answering five statement of health questions online.
Published: October 2013